News

Minister for shipping tie-up with Dhaka

Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has proposed the establishment of a formal cooperation framework between Pakistan National Shipping Corporation (PNSC) and Bangladesh Shipping Corporation to deepen maritime collaboration between the two countries. The proposal, presented during a meeting in London with Dr M Sakhawat Hussain, Adviser for Shipping of Bangladesh

Financial inclusion demands digital shift

Pakistan's banking landscape is undergoing a seismic transition as the country's traditionally branch-centric system struggles to cope with a massive influx of new customers entering the formal financial network. With tens of millions of unbanked Pakistanis now seeking digital access to payments, remittances, and savings, industry experts say that the existing brick-and-mortar model is no longe

Export development surcharge scrapped by Shehbaz Sharif in a bid to boost business

Prime Minister Shehbaz Sharif on Monday ordered to immediate abolish the export development surcharge (EDS), taking a small but important step to lower the cost of doing business for exporters and responding to complaints about misuse of funds. The premier instructed to establish a committee to oversee the utilisation of the pending balance of Rs52 billion in the Export Development Fund (EDF),

SECP approves amendments to PSX Regulations

The Securities and Exchange Commission of Pakistan (SECP) has directed Pakistan Stock Exchange (PSX) to publicly disclose all disciplinary actions taken against listed companies on its website. The SECP has approved amendments to the Pakistan Stock Exchange (PSX) Regulations. These changes are aimed at promoting greater market transparency, enhancing investor protection, and developing a robust

Lifting of ban on gold Import, export hailed

President of the Gold & Gems Art Promotion Council of Pakistan and Central Chairman of the Lahore Division Sarafa & Jewellers Association, Muhammad Ahmed, has welcomed the government’s decision to lift the ban on the import and export of gold. In a statement, he said the move would have far-reaching positive effects on the country’s gems and jewellery industry. He noted that rising gold prices